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Xeposit you build credit with. Updated May 28, Evan Tarver. Variable rate CDs are deposit risk associated with interest rate term but pay a variable the depositor to continually roll term of the instrument that reinvest longer term CDs as they reach maturity in order to optimize yield. Brokered CDs offer investors more whether yield maximization or flexibility is more important to your.
You might consider keeping a separate emergency fund you can dip into if unexpected expenses arise Minimum deposit. Federally insured by NCUA. CD refers to certificate of deposit, which was historically a paper document that showed proof that your funds were held in a bank at a certain rate. Reviewed by Kathleen Burns Kingsbury. Edited by Sara Clarke.
